If you're a U.S. company doing business abroad, Citizens Financial Group offers a full range of treasury solutions to help you mitigate risk and gain greater control of your transactions. Working together, we'll evaluate your international commerce needs and develop strategies to protect you from market volatility. We can also provide full international treasury solutions, including high-yield structures, funding vehicles, and payment platforms in the currencies you require.
Global Trade Services and Structured Trade Finance Services
Helping companies reduce risk while buying and selling products and services internationally requires maintaining a careful balance. Exporters seek efficient cash collection while importers are focused on receiving the product as ordered. With a complete suite of documentary products and expedited process through a secure online system, Citizens Financial Group can offer you customized solutions that will help you achieve your unique goals - whether you're exporting or importing.
- Import and Export Letters of Credit
- Import and Export Documentary Collections
- Banker's Acceptances
- Standby Letters of Credit
- Global Trade Flow®
Our Structured Trade Finance solutions maximize exporters' borrowing capabilities and our status as a Delegate Authority Lender with the Export/Import Bank of the United States helps us facilitate your transactions and reduce risk.
Foreign Exchange Currency Risk Management and Advisory Services
In today's ever-changing global marketplace, market volatility and foreign exchange trends can complicate even the best-made plans. Citizens Financial Group is here to provide the expertise and assurance you need. Our experienced international specialists can help you assess and manage foreign exchange risk, helping you gain a valuable competitive edge.
Our International Banking services include:
Foreign Exchange Retail and Business Banking Services
- Spot and Forward Contracts
- Cross Currency Swaps
- Foreign Currency Options and Structured Products
- Foreign Currency Accounts
- Enhanced Yield Deposits
- Foreign Currency Credit Facilities
- International Wire Transfers and Bank Drafts
- Foreign Currency Banknotes
- Collection of Foreign Checks
- CB Forex®
If you're traveling or have certain international needs, we offer a wide range of retail foreign exchange services and small business solutions - available at any one of our conveniently located branches or through our Retail and Business Banking Foreign Exchange Team. You can exchange more than 70 foreign currencies and utilize our international wire transfers to move money overseas quickly and securely. To help facilitate payments, we can prepare foreign drafts in 15 currencies and deposit foreign checks in more than 20 currencies.
- Small Business foreign exchange expertise to help you capitalize on opportunities worldwide.
If your company is looking to expand globally or is already doing business abroad, our Business Banking Foreign Exchange Team can assist you in identifying currency exposure and managing the associated risk. For more information on how we can assist you, please read about our Small Business Solutions [PDF].
- Retail foreign exchange services are available through our branch network.
You can purchase or sell foreign currency bank notes on the spot or online. To purchase on the spot visit any one of our 100-plus International Banking Center Locations (IBC) [PDF] branches which maintain an inventory of at least three major currencies. Or, if you prefer, you can purchase travel money online conveniently and securely any time. To learn more about wire transfers, foreign currency drafts and international check processing, please read about our International Retail Banking Services. [PDF]
- Making plans to travel? Purchase travel money securely online and you can:
- Save money with great rates
- Avoid costly exchange fees abroad
- Check exchange rates
- Calculate conversion prices
- Choose from more than 75 currencies
- Ensure you arrive ready to enjoy your trip